Its fair to say that on this forum there is a presumption that we provide the case for the prosecution whilst the flight training industry provides the case for the defence.
Thousands of people work in the flight training industry. Millions are spent on advertising. Products are marketed to people who know little about the industry.
Against this there's the Wannabes forum... not much is it?
So far this recession has been an abstract thing for most. A dinner party debating topic. Well its about to reach the nasty stage. 3 million unemployed will be seen suprisingly quickly. Discretionary air travel and holidays will simply slump as households cut back either out of necessity or fear. Mrs Welshman is in a meeting making people redundant as I type. Its ugly. Its bad. Its going to get much much worse.
The question of whether a major recession is upon us is now answered. It is.
What now needs to be communicated is what is likely to happen as a result. This can be done in several ways. One of them is to look at the last recession and learn about what happened then. From this understanding it is possible to make a guesstimate as to what will happen in 2009/10.
This seems rational to me.
Dan-Air - Wikipedia, the free encyclopedia
Air Europe - Wikipedia, the free encyclopedia
And as more of an educational point about how many airlines there have ever been which Wannabes have never heard of check out:
List of defunct airlines - Wikipedia, the free encyclopedia
This is a turbulent industry in more than one way and there's a real big storm on the wx radar right now...
WWW